Is it advisable to invest on Solana?

andyou1234

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Quote from: Chriskelani on April 19, 2023, 05:27:28 AM

Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.

Thanks for your responses.

As far as I know, Solana is one of the altcoins that has high popularity, but I think Solana is not the right choice to make a long-term investment, because its golden age is over, currently Solana is not popular altcoin, right, but if you If you have a lot of money, there's probably nothing wrong if you want to try it. I suggest that it's best to invest in altcoins that have high popularity, such as ethereum and binance, especially now that the prices of these two altcoins have not increased, of course they are very worthy of investment long term and I am sure ethereum and binance will provide big profits in the future.

JeffBrad12

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Quote from: Justin999 on September 16, 2023, 03:28:11 PM

Years ago solana was worth for investment and that already proved. But now so many altcoins are available for investment, those are far better than solana cause Once solana was great altcoin with large number of volume but this year, haven’t notice any innovations that! Could inspire myself to investing in it. But situation could be change when bullRun start cause many still believe in solana. So invest extra money, otherwise not.

bullrun will just make slight change towards solana prices I assume, mainly because the reason solana could go down this far is because the collapse of certain exchange that caused solana get many problems.
there also has been many sign that shown solana has been bearish ever since so I don't have much expectation towards solana honestly.
instead i would definitely make bet on something like the upcoming layer 2 and even layerzero that has shown massive growth towards the community and is rumoured to have upcoming events thats being awaited by many people. heck even rarely right now I see some good quality token being deployed in there, but of course i can be mistaken.

Justin999

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Years ago solana was worth for investment and that already proved. But now so many altcoins are available for investment, those are far better than solana cause Once solana was great altcoin with large number of volume but this year, haven’t notice any innovations that! Could inspire myself to investing in it. But situation could be change when bullRun start cause many still believe in solana. So invest extra money, otherwise not.

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Quote from: jossiel on September 12, 2023, 05:59:19 PM

It has got a strong community already so dying won't be that easy.

Unlike the other cryptos that don't have strength with their communities, it's highly likely that they won't survive. But if Solana also shows how strong the project is, who knows if it will get more investor to believe in.

The chart shows that it's far from its ATH and too low, looks like a sale but you guys decide if it is.

I wouldn't say that Solana has a strong community. Rather, it's an "overhyped" cryptocurrency with a huge number of followers behind it. FTX was heavily-invested in this coin, but it ultimately failed. There are rumors the defunct exchange will dump its SOL holdings on the market. This will add negative pressure over the cryptocurrency's short-term price.

Whenever Solana will survive the tide or be left behind in the dust is yet to be seen. I'd choose other alternatives that are much more reliable and decentralized than Solana itself. It's not about speed or cost-efficiency, but rather security/reliability/censorship-resistance. Most people don't care about this, as they're only looking to make a quick buck. It's up to you to determine whenever Solana is a good investment or not. Do your own research, and you'll see what I'm talking about. Who knows if Solana's days are numbered? Just my thoughts Grin

Samurai trieng

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Solana is one of the potential altcoins, even though it is not as popular as Ethereum and Binance, Solana was able to get its best ATH several years ago, and until now Solana can still stay in the top 10 of the crypto market, I personally currently still investing in Solana, I I don't force or advise you to choose Solana as an investment. The choice is in your own hands. If you are sure about Solana then invest, but if you are not sure, please choose another altcoin, because there are still many potential altcoins in the crypto market. .

peter0425

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Quote from: JahriMeayer on September 12, 2023, 01:28:41 PM

Quote from: ThemePen on July 20, 2023, 04:53:47 AM

putting huge money into this project is not really worth it. But investing in this project is not a bad idea, perhaps, it never dies too easily.

I agree that solana still has strength and this altcoin won’t die within short time, even i believe It'll increase slowly but as you agreed, investing fund into this coin solana even in spite of being Layer 2 (L2), isn’t really worth currently. so why should anyone thinking about solana's performance in upcoming bull season while ether, bnb, matic and so many coins are also eligible for hold until next bull run

I use to have SOL back years but have sold all of mine in pandemic time
when the rumors and bad news comes to its name , though there are still plenty of my friends who still trust this , but I pass for now.
if you are truly planning to hold this? then better to limit your self and try to find diversified folio for that.

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Quote from: JahriMeayer on September 12, 2023, 01:28:41 PM

Quote from: ThemePen on July 20, 2023, 04:53:47 AM

putting huge money into this project is not really worth it. But investing in this project is not a bad idea, perhaps, it never dies too easily.

I agree that solana still has strength and this altcoin won’t die within short time, even i believe It'll increase slowly but as you agreed, investing fund into this coin solana even in spite of being Layer 2 (L2), isn’t really worth currently. so why should anyone thinking about solana's performance in upcoming bull season while ether, bnb, matic and so many coins are also eligible for hold until next bull run

thats true, just couldnt really find any valid reason why hold solana instead of the other coins out there thats just far better, solana is already falling from its peak, and the reason isn't because bearish but because some company is collapsing, I never think it would reach that high again, gone the golden days of solana i think eventually people will move on from this coin, because honestly the fact that there are more and more emerging coins out there simply means that maybe solana was never that good to begin with compared with the newer ones.
therefore its just simply investing in new ones, it haven't reached all time high and still have many chance of reaching that in the future which simply means it could give massive returns. there's no reason to turn back to solana.

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Quote from: JahriMeayer on September 12, 2023, 01:28:41 PM

I agree that solana still has strength and this altcoin won’t die within short time, even i believe It'll increase slowly but as you agreed, investing fund into this coin solana even in spite of being Layer 2 (L2), isn’t really worth currently. so why should anyone thinking about solana's performance in upcoming bull season while ether, bnb, matic and so many coins are also eligible for hold until next bull run

It has got a strong community already so dying won't be that easy.

Unlike the other cryptos that don't have strength with their communities, it's highly likely that they won't survive. But if Solana also shows how strong the project is, who knows if it will get more investor to believe in.

The chart shows that it's far from its ATH and too low, looks like a sale but you guys decide if it is.

JahriMeayer

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Quote from: ThemePen on July 20, 2023, 04:53:47 AM

putting huge money into this project is not really worth it. But investing in this project is not a bad idea, perhaps, it never dies too easily.

I agree that solana still has strength and this altcoin won’t die within short time, even i believe It'll increase slowly but as you agreed, investing fund into this coin solana even in spite of being Layer 2 (L2), isn’t really worth currently. so why should anyone thinking about solana's performance in upcoming bull season while ether, bnb, matic and so many coins are also eligible for hold until next bull run

JeffBrad12

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Quote from: RiverBoy on August 03, 2023, 10:10:07 AM

Buying Solana Coin is not a bad idea, because all market is down, and we are all experiencing Bear market for months now and Solana Coin price is on a particular range as the market is fluctuating is good to buy while make a good entry point before buying and is good for long term holding investment as you mentioned as a profitable return investment.

the thing is that, solana massively losing its value for the simple fact that there may be rumour about solana downfall caused by ftx collapsing which I guess just make it rather difficult for it to get back up.
if solana was related to the funding of the ftx investment then I guess it would hard to climb back up again its former price unless ftx realised its rumoured recoveries.
nowadays I just don't think that solana will be that great.
I think if i have the money to invest i'd just instead invest in other coin after all many potential coins out there.

Abiky

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Quote from: OgNasty on July 28, 2023, 05:35:28 PM

I think Solana is doing everything they can to remain relevant after it came out that the coin was being pumped up with fraudulent money from the FTX organization. Even if FTX were to come back, they wouldn’t be able to continue fraudulently moving markets, so while Solana is valued extremely cheaply right now, there’s a good reason. I’d stick to BTC or ETH if you must hold alts.

Did Solana developers address the network outages? Because if they didn't, then odds of a recovery are very slim. Not even an FTX comeback will help. For what I know, this project is nothing but pure hype. Its main selling point are the blazing-fast speeds and ultra-low fees. But deep inside, Solana is centralized and flawed.

Whales won't be able to keep Solana afloat for long, as competing chains gain traction in the mainstream world. I'd invest in BTC and ETH like you've said to help secure my profits in the long run. Even BNB is a much better choice than Solana right now. Who knows if SOL ends up being a worthless coin in the future? Just my opinion

RiverBoy

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Buying Solana Coin is not a bad idea, because all market is down, and we are all experiencing Bear market for months now and Solana Coin price is on a particular range as the market is fluctuating is good to buy while make a good entry point before buying and is good for long term holding investment as you mentioned as a profitable return investment.

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Investing on alternative coin is always risky. If you back to the incidence of Luna then I think answer will be on your front.
But if we talk about the Solana then it is also a renowned potential coin on crypto market. And there steps looks good for me so investment can be done also on Solana but best will be to Bitcoin for that here you have to no worries about the security. So fund is your decision will be also in your hand make your own analysis then do the investments.

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Quote from: Chriskelani on April 19, 2023, 05:27:28 AM

Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.

Thanks for your responses.

Solana is still a good investment. They have a good use case and the number of dapps and smart contracts on solana platform are ever increasing. They have one of the lowest fees and quicker transaction. Even though the utility tokens have a competitive market, solana would easily evolve as one of the larger players when the bull arrives. Buying solana at low and staking them as msol could be a good strategy for long term.

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Quote from: JeffBrad12 on July 28, 2023, 06:03:01 PM

Quote from: AmoreJaz on July 28, 2023, 05:42:38 PM

Quote from: Nazmul012 on July 27, 2023, 11:12:49 AM

You should rather avoid solana for now. Once solana was my top picked altcoin among others project as it was unlocked lots of possibilities by supporting smart contracts as well as decentralized apps, which could make it succesful. But after the hardly fall of solana, it makes its investors disappointed. It has less possibility to reborn, so not good choice for long timeframe but you can hold some portion of it, if interested

this is why any investor should do his own assessment before investing in SOL or any other alt out there. you've seen its hard fall, so difficult for you to get involve especially if you feel recovery is far-fetched. it may still be in the top 10 but asking yourself if it will ever reach its ATH of almost 260 bucks again? now, that's like punch in the air at the moment. reaching 30 bucks is already quite hard in my opinion.

i just think that solana chance of reaching higher again is gone, its already started being replaced by some other coin thats more significant nowadays, like those L2.
moreover the emergence of many coins nowadays thats truly innovative like layerzero and many more are definitely gonna make things tougher for solana.
the peak of solana is already reached, its when ftx was still fine before collapsing, thats when solana has reached its peak.
but right now its just some remnant of past glory, which definitely will make it harder for solana to grow in the future.

I also think that the time of Solana is already past. Of course new growth can happen, but we should not rely on the previous high prices. As you said there are already other projects that can take Solana's place. This happens every cycle, new projects replace old ones. In the case of Solana it is a matter of a little time and the next bull market.

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Quote from: Chriskelani on April 19, 2023, 05:27:28 AM

Hello buddies, I am considering buying Solana coins and holding for a very long time. I want to know if this is a good idea before forging ahead to buy it.

Thanks for your responses.

I personally like Solna coin a lot and investors have high demand for Solna so many invest based on some of the new coins. Those Solna got good returns from the last bull run so Solna coin is still in the eyes of many investors. And they are willing to invest more. Like BNB, many trust the Solna project. I don't think Solna Coin will be good for long term investment. I think bear markets should be bought and sell during bull runs. Because it seems risky for long term investment to me.The performance of Solna coin is much better than other coins.

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Quote from: AmoreJaz on July 28, 2023, 05:42:38 PM

Quote from: Nazmul012 on July 27, 2023, 11:12:49 AM

You should rather avoid solana for now. Once solana was my top picked altcoin among others project as it was unlocked lots of possibilities by supporting smart contracts as well as decentralized apps, which could make it succesful. But after the hardly fall of solana, it makes its investors disappointed. It has less possibility to reborn, so not good choice for long timeframe but you can hold some portion of it, if interested

this is why any investor should do his own assessment before investing in SOL or any other alt out there. you've seen its hard fall, so difficult for you to get involve especially if you feel recovery is far-fetched. it may still be in the top 10 but asking yourself if it will ever reach its ATH of almost 260 bucks again? now, that's like punch in the air at the moment. reaching 30 bucks is already quite hard in my opinion.

i just think that solana chance of reaching higher again is gone, its already started being replaced by some other coin thats more significant nowadays, like those L2.
moreover the emergence of many coins nowadays thats truly innovative like layerzero and many more are definitely gonna make things tougher for solana.
the peak of solana is already reached, its when ftx was still fine before collapsing, thats when solana has reached its peak.
but right now its just some remnant of past glory, which definitely will make it harder for solana to grow in the future.

AmoreJaz

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Quote from: Nazmul012 on July 27, 2023, 11:12:49 AM

You should rather avoid solana for now. Once solana was my top picked altcoin among others project as it was unlocked lots of possibilities by supporting smart contracts as well as decentralized apps, which could make it succesful. But after the hardly fall of solana, it makes its investors disappointed. It has less possibility to reborn, so not good choice for long timeframe but you can hold some portion of it, if interested

this is why any investor should do his own assessment before investing in SOL or any other alt out there. you've seen its hard fall, so difficult for you to get involve especially if you feel recovery is far-fetched. it may still be in the top 10 but asking yourself if it will ever reach its ATH of almost 260 bucks again? now, that's like punch in the air at the moment. reaching 30 bucks is already quite hard in my opinion.

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Quote from: Abiky on July 28, 2023, 02:44:42 PM

Quote from: mich on July 20, 2023, 05:16:14 AM

Well if you think Web3 games are going to be big, than I think it is still good to invest in Solana. It has launched Gameshift to make it easier for Web3 game development.

https://gameshift.solanalabs.com/

https://www.prnewswire.com/news-releases/solana-labs-introduces-gameshift-to-simplify-web3-game-production-301880066.html

It seems that Solana is driving its focus on Blockchain gaming. Not a bad idea, but it would've been best if developers addressed the network outages first. In the world of Blockchain gaming, I believe Play to Earn (P2E) games are the hottest ones around. SOL might gain traction if game developers from other projects move to its chain.

There are rumors that FTX will make a comeback, so who knows if Solana reaches a new ATH in the future? As long as you don't put all of your eggs in one basket, there should be nothing to worry about. Yhat said, only time will tell us how far Solana will go. Just my opinion

I think Solana is doing everything they can to remain relevant after it came out that the coin was being pumped up with fraudulent money from the FTX organization. Even if FTX were to come back, they wouldn’t be able to continue fraudulently moving markets, so while Solana is valued extremely cheaply right now, there’s a good reason. I’d stick to BTC or ETH if you must hold alts.

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Quote from: mich on July 20, 2023, 05:16:14 AM

Well if you think Web3 games are going to be big, than I think it is still good to invest in Solana. It has launched Gameshift to make it easier for Web3 game development.

https://gameshift.solanalabs.com/

https://www.prnewswire.com/news-releases/solana-labs-introduces-gameshift-to-simplify-web3-game-production-301880066.html

It seems that Solana is driving its focus on Blockchain gaming. Not a bad idea, but it would've been best if developers addressed the network outages first. In the world of Blockchain gaming, I believe Play to Earn (P2E) games are the hottest ones around. SOL might gain traction if game developers from other projects move to its chain.

There are rumors that FTX will make a comeback, so who knows if Solana reaches a new ATH in the future? As long as you don't put all of your eggs in one basket, there should be nothing to worry about. Yhat said, only time will tell us how far Solana will go. Just my opinion

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